Site Navigation

Site Mobile Navigation

Not A Big Krugman Advocate

Gross’s lack of enchantment may have something to do with this. Regular readers may recall that early last year Gross was predicting a big spike in interest rates when quantitative easing ended, and I argued that this was all wrong.

What struck me in that debate was how vituperative many of the reactions to my position were — despite the fact that this was very much a technical economics debate, albeit one that, like many economics debates, had some political implications.

So, I guess we know how that turned out. Although maybe not, since I constantly encounter people — including investors! — who insist that I’ve been wrong about everything. (A lot of this seems to depend on assertions that I made predictions I never actually made).